Metromile

Companies that had easily lured investors with major premium growth are now scrambling to prove their fundamentals work, and are sitting out fundraising to avoid a down round.

March’s CPI report shows elevated inflation levels, including vehicle CPI of 10.5% and average used car price increase of 24.7%.

Following the acquisitions of Trov and Insureon, what InsurTech M&A deals are next?

The auto InsurTech’s accident period loss ratio grew to 78.1% during the quarter, up from 56.9% at the same point last year.

The merger proposal was supported by at least 95.9% of the votes cast at during a special meeting of stockholders on Tuesday.

The next generation must stay private longer, employ a partnership approach to capital and take the complexities of insurance more seriously.

Stock prices fluctuated, and InsurTech short-sellers took some profits.

The InsurTech’s stock traded at $28.25 by midday Tuesday, down from its $163.93 peak in February 2021.

The latest report shows even higher inflation pushing up severity, forcing carriers to take rate.

InsurTechs, including Lemonade, Root, Hippo, and Metromile, shed some short interest but remain the target of choice for short-sellers.

Lemonade, Root, and Metromile remain the focus of short sellers, as most firms see little short interest change.

Inside P&C dissects the biggest deals of the year across broking, commercial lines and InsurTech.